Victorian
For Sale
$365,000
456 JACKSON Avenue, New Orleans, LA 70130
Separate gas, electric, and water meters serve the two residences.
Property Size1,170 SF
Days on Market65
Property Features for 456 JACKSON Avenue
General Information
Standard status
Active
Size
1,170 SF
Property subtype
Duplex
Zoning
Historic Urban Neighborhood Mixed Use District; Medium density
Additional Details
Utilities to Site
Yes
Building Details
Building Size
1,170 SF
Year Built
1894
Buildings
1
Listing Agency:
Express Realty
Listed By:
Ralph L Guerrera
(504) 884-1884
Source:
Ewbank.kw
Added: Aug 17
Changed: Oct 15
Last Checked: Oct 19 at 3:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Express Realty
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Investment Insights
Based on property information with market context.
Built in 1894, this Victorian shotgun duplex retains high ceilings, original mantels, and brick fireplaces that are now closed. Recent interior work includes fresh paint, new flooring, and a stainless steel gas stove. The roof was replaced in 2024. Cement fiber siding covers most of the exterior, with wood siding at the front; window air-conditioning units provide cooling. Gas, electric, and water service each have separate meters.
The property is on Jackson Avenue, one block from the Tchoupitoulas Corridor, in New Orleans’ Lower Garden District Irish Channel neighborhood. Shopping, dining, bars, and sporting activities are within walking distance. The site is in the Historic Urban Neighborhood Mixed Use District, designated medium density, and is in Flood Zone X.
The property is on Jackson Avenue, one block from the Tchoupitoulas Corridor, in New Orleans’ Lower Garden District Irish Channel neighborhood. Shopping, dining, bars, and sporting activities are within walking distance. The site is in the Historic Urban Neighborhood Mixed Use District, designated medium density, and is in Flood Zone X.
Key Highlights
- Two‑unit Victorian shotgun duplex dating to 1894
- Roof replaced in 2024
- Separate gas, electric, and water meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,815
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,300
$296.3K
Cap Rate 7%
$211,643
$211.6K
Cap Rate 9%
$164,611
$164.6K
Market Conditions
NOI Build-Up for 1,170 SF
Gross rent
$23.2K $19.80/SF
− Vacancy
−$2.0K −$1.71/SF
EGI
$21.2K $18.09/SF
− OpEx
−$6.3K −$5.43/SF
NOI
$14.8K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,300
Cap Rate 7%
$211,643
Cap Rate 9%
$164,611
Alternative Uses
Best Use
Multifamily LT 5
$211.6K
$185.2K – $246.9K
NOI $14,815 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$194.5K
$170.2K – $227.0K
NOI $13,617 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$297.4K
$260.2K – $346.9K
NOI $20,816 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,385
Businesses Nearby
Explore this area
Business Placement
Demographics for 70130, LA
14,521
Population
10,927
Households
1.3
Avg Household Size
38
Median Age
64%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
6,915
Density / Sq Mi
$82,758
Median Household Income
$52,492
Median Earnings
$1,410
Median Rent
$529,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate gas, electric, and water meters serve the two residences.
Where is this duplex located?
The property is located at 456 JACKSON Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Two‑unit Victorian shotgun duplex dating to 1894; Roof replaced in 2024; Separate gas, electric, and water meters
